ZoomInfo Shares Surge 13% on Q4 Beat

ZoomInfo Shares Surge 13% on Q4 Beat Feb. 13, 2024, 11:48 a.m., readers: 20

ZoomInfo Technologies' (NASDAQ:ZI) shares surged more than 13% intra-day today following the announcement of its fourth-quarter results that exceeded expectations. The company, specializing in software and data, reported earnings per share (EPS) of $0.26, beating the consensus estimate of $0.25. ZoomInfo also outperformed revenue forecasts, recording $316.4 million versus the expected $310.68 million. The adjusted operating income margin for the quarter was reported at 40%, with unlevered free cash flow reaching $126 million. Looking ahead to the next quarter, ZoomInfo anticipates an EPS between $0.23 and $0.24, in line with the consensus estimate of $0.23. The company's projected revenue for the first quarter is set between $307 million and $310 million, closely matching analysts' expectations of $308.7 million. For the entire year of 2024, ZoomInfo expects an EPS range of $0.99 to $1.01, compared to the analysts' forecast of $0.99. The company's predicted annual revenue is between $1.26 billion and $1.28 billion, compared to the consensus estimate of $1.27 billion.

About NASDAQ: ZI

Z oomInfo Technologies Inc., through its subsidiaries, provides go-to-market intelligence and engagement platform for sales and marketing teams in the United States and internationally. The company's cloud-based platform provides information on organizations and professionals to help users identify target customers and decision makers, obtain continually updated predictive lead and company scoring, monitor buying signals and other attributes of target companies, craft messages, engage through automated sales tools, and track progress through the deal cycle. It serves enterprises, mid-market companies, and down to small businesses that operate in various industry verticals, including software, business services, manufacturing, telecommunications, financial services, media and internet, transportation, education, hospitality, and real estate. ZoomInfo Technologies Inc.

Price: 15.25
Market cap: 5.8 billion USD
Eps: 0.27
P/e ratio: 56.48
Focus Analysis On: ZI